Charge-Off Rate on Loans to Finance Agricultural Production, Banks Ranked 1st to 100th Largest in Size by Assets
CORLAGT100N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.39
Year-over-Year Change
160.00%
Date Range
1/1/1985 - 1/1/2025
Summary
This economic indicator tracks the percentage of agricultural production loans that banks have written off as uncollectible. It provides critical insight into the financial health of agricultural lending and the economic challenges facing farmers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The charge-off rate reflects the proportion of agricultural loans that banks consider unlikely to be repaid, serving as a key metric for assessing credit risk in the agricultural sector. Economists use this data to evaluate agricultural economic conditions, lending practices, and potential financial stress among farmers.
Methodology
The data is collected by the Federal Reserve from the 100 largest U.S. banks, calculating the percentage of agricultural production loans that have been removed from their balance sheets due to non-payment.
Historical Context
Policymakers and agricultural lenders use this trend to inform credit policies, risk management strategies, and potential economic support for the agricultural sector.
Key Facts
- Measures loan defaults for agricultural production at top 100 U.S. banks
- Indicates financial health of agricultural lending sector
- Provides insight into economic challenges facing farmers
FAQs
Q: What does a high charge-off rate indicate?
A: A high charge-off rate suggests significant financial stress in the agricultural sector, potentially due to factors like poor crop yields, market volatility, or economic downturns.
Q: How often is this data updated?
A: The Federal Reserve typically updates this data quarterly, providing a current snapshot of agricultural lending conditions.
Q: Why are only the top 100 banks included?
A: These banks represent the majority of agricultural lending in the United States, providing a comprehensive view of the sector's financial health.
Q: How do charge-off rates impact agricultural lending?
A: High charge-off rates can lead banks to tighten lending standards, potentially making it more difficult for farmers to secure loans.
Q: What factors influence agricultural loan charge-offs?
A: Factors include crop prices, weather conditions, global market trends, interest rates, and overall economic conditions affecting agricultural production.
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Citation
U.S. Federal Reserve, Charge-Off Rate on Loans to Finance Agricultural Production, Banks Ranked 1st to 100th Largest in Size by Assets [CORLAGT100N], retrieved from FRED.
Last Checked: 8/1/2025